Biokraft International AB (OSTO:BIOGAS) Inventory Turnover : 6.17 (As of Sep. 2023)

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What is Biokraft International AB Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Biokraft International AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr62.4 Mil. Biokraft International AB's Average Total Inventories for the quarter that ended in Sep. 2023 was kr10.1 Mil. Biokraft International AB's Inventory Turnover for the quarter that ended in Sep. 2023 was 6.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Biokraft International AB's Days Inventory for the three months ended in Sep. 2023 was 14.80.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Biokraft International AB's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.09.

Biokraft International AB Inventory Turnover Historical Data

The historical data trend for Biokraft International AB's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Biokraft International AB Inventory Turnover Chart

Biokraft International AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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41.41

17.79

14.62

18.77

20.63

Biokraft International AB Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial														4.88	6.46	8.18	7.14	6.17

Biokraft International AB Inventory Turnover Calculation

Biokraft International AB's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	185.241	/ (	(8.636	+	9.319)	/	2 )
=	185.241	/	8.9775
=	20.63

Biokraft International AB's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	62.368	/ (	(9.158	+	11.071)	/	2 )
=	62.368	/	10.1145
=	6.17

Biokraft International AB (OSTO:BIOGAS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Biokraft International AB's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	10.1145	/	62.368	*	365 / 4
	=	14.80

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Biokraft International AB's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	10.1145	/	113.892
	=	0.09

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Biokraft International AB Inventory Turnover Related Terms

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Biokraft International AB (OSTO:BIOGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Biokraft International AB (OSTO:BIOGAS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

3JE:Germany

Address

KUNGSBRON 1 /KLARABERGSVIADUKTEN 70, ENTRANCE C 8 FLOOR, Stockholm, SWE, 111 22

Website

https://www.biokraft.com

Biokraft International AB is a Nordic greentech company that produces bioenergy and plant nutrition in a circular cycle by recycling organic waste and residual products in large-scale biorefineries. It is one of Northern Europe's largest producers of Bio-LNG.

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